Compliance Analyst-Summit HQ Moorefield West Union Huntington Charleston Mullens or Rainelle WV Leesburg or Wytheville VA

Full Time
Moorefield, WV 26836
Posted
Job description

JOB TITLE: Compliance Analyst (Deposit Focus)

Entity (SFG, SCB): SCB-8100

Job Classification: Non-Exempt, Full-Time

Department: Compliance

Reports to: Director of Compliance

Education requirements: Associates Degree required or an equivalent combination of education and banking related experience; Bachelor's Degree preferred.

The Compliance Analyst is responsible for assisting with maintaining an effective Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA Patriot Act (CIP), and Office of Foreign Asset Control (OFAC) Compliance Programs (BSA Program) for the company. The Compliance Analyst is also responsible for assisting with maintaining an effective Compliance Program for the company and adhering to and complying with all company policies and procedures and federal and state laws. The major areas covered are monitoring, reviewing, compliance, and reporting.

Experience or Skill requirements:

Preferred Banking experience or bank compliance experience
Knowledge of banking systems, products, and banking regulations is a plus
Excellent research and computer skills
Experience with Microsoft Office
Strong organization skills, highly motivated, and detail-oriented
Ability to follow instructions and work independently on multiple tasks in a deadline-driven, regulatory environment.
Excellent writing and oral communication skills
Ability to retain a broad knowledge of tasks performed in compliance functions and applicable banking regulations

Duties:

Assist with managing the day-to-day operations of the company's BSA, AML, CIP, and OFAC Compliance program.
Review cash transaction reports to determine if a Currency Transaction Report (CTR) is required to be filed and if a Monetary Instruments log needs to be completed.
Complete the CTRs.
Review and queue CTRs for submission with the Department of Treasury.
Complete the Monetary Instruments Logs.
Review monthly alerts that are generated on the customers.
Review daily reports to ensure data flowed to the Companys BSA software program.
Assist with customer and account-level research on a wide variety of data in an effort to identify suspicious and/or illegal activity.
Assist customer due diligence and enhanced due diligence reviews and maintaining customer file for customer who require the reviews.
Assist with monitoring and reviewing customer and account activity to analyze the customer or account risk level, including high-risk customers and accounts.
Review customer risk scores to determine if a customer would be considered high risk and performing due diligence for high-risk customers based on the time frame set for the customer.
Assist with documenting results of any research performed on a customer or account.
Review potential hits of various scans to determine if they are a true match to a suspect name.
Assist with Compliance research.
Assist with writing and updating compliance-related policies and procedures.
Assist with implementing policies, procedures, and processes necessary to comply with rules and regulations.
Other compliance-related duties as assigned.

Relationships:

The Compliance Analyst is responsible for assisting with maintaining an effective Compliance Program for the Company. The Compliance Analyst will work very closely with and take directions from the Compliance Officer or Bank BSA Officer in order to maintain the Companys BSA Program. In addition, the Compliance Analyst works all departments and all employees within the Company to ensure compliance with Company Compliance policies and procedures and applicable Federal and State banking laws and regulations.

Summit provides equal employment opportunities in all aspects of employment. All employment decisions are made without regard to race, color, religion, age, sex (including pregnancy, sexual orientation, or gender identity), national origin, disability status, genetics, protected veteran status, or any other characteristic protected by federal, state, or local laws.

Salary Information: Hourly rate varies, based on experience.

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